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How to get minimum amount for submitOrder?
 Post subject: How to get minimum amount for submitOrder? Post rating: 0   New post Posted: Mon 22 Mar, 2021, 23:05 

User rating: 0
Joined: Fri 16 Aug, 2013, 12:42
Posts: 2
Hello support,

I'm trying to get through API a minimum amount for submitOrder method for a given instrument.
I have used IFinancialInstrument.getMinTradeAmount() and divided it by 1000000 (because it is said that submitOrder requires amount in millions). For EUR/USD it worked well: 1000 / 1000000 = 0.001.
However, when I tried to use this approach for USATECH.IDX/USD instrument I've got: 0.1 / 1000000 = 1e-7. And the orders with such amount were rejected because it is too small.
How can I calculate the minimum possible amount?

PS: I know, that for USATECH.IDX/USD instrument it should be 1e-6, however, I'd like to be able to calculate it for any given instrument.


 
 Post subject: Re: How to get minimum amount for submitOrder? Post rating: 0   New post Posted: Mon 26 Apr, 2021, 13:49 
Visual JForex expert at Dukascopy
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Joined: Mon 22 Apr, 2013, 11:30
Posts: 604
Location: UkraineUkraine
Greetings.

Minimum trade amount for USATECH.IDX/USD is 1 contract so calculation should be 1 / 1000000 = 1e-6

Regards.


 

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